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Valorization of the Burkina maize value chain: SFI and Agroserv Industrie sign an agreement

11/06/2024
Source : ORISHAS-FINANCE
Categories: Companies

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A partnership agreement signing ceremony took place at the premises of the World Bank Group in Ouagadougou last Friday. This is an agreement between the International Finance Corporation (SFI) and Agroserv Industrie to set up training fields dedicated to the

exploitation of maize seeds.

The latest report of the Norwegian Refugee Council (NRC) published on 3 June 2024 mentions that in the face of the ongoing security crisis since 2019, Burkina Faso recorded a record number of 6.3 million people in need of humanitarian aid in 2024. Therefore, in order to implement the food sovereignty strategy by 2025, the Burkinabe government has launched the 2023-2025 Agro-Pastoral and Fisheries Offensive, targeting eight priority sectors including rice, potatoes, wheat, wheat, wheat, fish, fish, livestock, meat, mango and maize

.

The technical assistance partnership agreement worth four hundred thousand euros (400,000 euros) that was signed between the International Finance Corporation (SFI) and Agroserv Industrie, a maize processing company based in Burkina Faso, will initially allow the creation of training fields on an area of 2,000 to 3,000 hectares for exploitation of maize and soybean seeds. The second phase of this partnership will consist of a large-scale extension of processing and marketing in Burkina Faso and the sub-region, with an estimated implementation of more than ten million euros

.
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